Republican Presidential Nominee Donald Trump Holds Election Night Event In New York City

One of the most divisive presidential contests in US history ended dramatically on Wednesday morning with Donald Trump winning the White House.

Key points

  • Donald Trump surged past the required 270 votes needed to win by 2:33AM EST.

  • Hillary Clinton called Mr Trump to congratulate him on his victory, but did not make an appearance at her campaign event in New York City.

  • Mr Trump addressed supporters at his own campaign event in New York City, with an appeal to unity, saying it is “time for America to bind the wounds of division”.

 

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Welcome back to the FT’s live coverage of the US Election 2012 in which US voters will choose between Barack Obama and Mitt Romney. As millions of Americans continue to head to polling sites around the country, some results will begin to trickle in shortly.

By Arash Massoudi and Anjli Raval in New York (All times EST)

19.00: Continue to follow our election live blog here.

18.55: How will markets react tomorrow? Michael Mackenzie, FT’s US markets editor, says bond traders believe Treasury yields are likely to fall if President Obama is re-elected as attention will focus on gridlock and the “fiscal cliff”.

“Traders think a Romney win would push the benchmark yield higher as the risk of a fiscal accident is reduced. For equities, the consensus view is that a relief rally beckons once the election result is finalised, with a Romney win pushing stocks even higher.”

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